Slovenian Economic Mirror 5/2026
Economic developments in Slovenia remained relatively favourable in April and May despite continued uncertainty. Real goods exports and imports, which have been affected in recent months by fluctuations in trade in petroleum products, were higher in the first five months than in the same period last year. Manufacturing…
Charts of the week from 13 to 17 July 2026: number of persons in employment, activity in construction, current account of the balance of payments and road freight transport
The number of persons in employment has remained broadly stable since the beginning of the year and, in the first five months, was similar to its level in the same period last year. There are, however, considerable differences across activities: employment declined year-on-year…
Charts of the week from 6 to 10 July 2026: unemployment, electricity consumption by consumer group and manufacturing production
In June, the number of registered unemployed continued to decline slightly month-on-month and also remained lower year-on-year. In the first six months as a whole, it was 0.4% lower than in the same period last year. In June, with one more working day than in the same month last year, electricity consumption in the distribution…
Charts of the week from 29 June to 3 July 2026: consumer prices, exports and imports of goods, turnover in trade and other charts
Year-on-year inflation remained at 3.6% in June. Energy prices again made the largest contribution to inflation, while the contribution of services prices increased markedly following a month-on-month rise in package holiday prices. Goods exports and imports declined month-on-month in May, mainly owing to lower trade in…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
GDP growth is projected to strengthen to 2.0% this year (from 1.1%), broadly in line with autumn’s expectations. The export sector will gradually recover, supported by improved prospects for industrial production in Slovenia’s main trading partners. Investment activity will continue to expand, driven primarily by public investment. Growth in private consumption will strengthen this year alongside further increases in real disposable income. Inflation this year (2.6% at year-end) is expected to remain similar to last year, amid above-average growth in services and food prices.
Labour market
Employment is expected to stagnate due to limited labour supply, while unemployment will remain low. Wage growth will be higher this year than last (6.7% in nominal terms; 6.5% in the public sector and 6.7% in the private sector). Growth will be particularly pronounced in the private sector, where last year’s slowdown was largely statistical (extra payments were significantly reduced following the introduction of the winter bonus, which is not included in wage growth).
International trade
Growth in exports of goods and services is projected to strengthen this year. Goods export growth will be supported by the recovery of industrial production in Slovenia’s trading partners, investment in the pharmaceutical industry, the launch of production of a new car model, and a higher number of working days. Growth in services exports will also increase. Amid moderate growth in domestic demand, import growth will outpace export growth. As a result, the current account surplus will narrow, reflecting a widening deficit in trade in goods.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.